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OPINION

Can President Obama just ignore the debt limit?

Townhall Staff
Townhall Staff | Jul 05, 2011
The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
Can President Obama just ignore the debt limit?
The debt limit standoff is getting more serious by the day. Republicans continue to insist that they won’t vote for any deal to cut the deficit and raise the debt limit ceiling that includes tax increases. Democrats continue to insist that they won’t vote for any such deal that doesn’t include some revenue enhancements.
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Meanwhile, the deadline to reach a solution is fast approaching – the US will go into default on August 2, according to the Treasury.

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